Economy
Russian wealth fund's reserves fall $16.5B in September
Reserves of national fund reach $178.4B as of Oct. 1
Emre Gurkan Abay |
06.10.2022 - Update : 06.10.2022
MOSCOW
The Russian National Wealth Fund's reserves declined 1 trillion rubles ($16.5 billion) in September.
The reserves hit 10.8 trillion rubles ($178.4 billion) as of Oct. 1, down from 11.8 trillion rubles ($195 billion) on Sept. 1, according to a statement from Russia's Finance Ministry on Thursday.
Majority of the fund was in the Russian central bank, and some in VTB Bank and Gazprombank.
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